In-Kind Donations are non-cash charitable gifts. They include gifts of appreciated value (e.g. stocks and securities, real property, jewelry and works of art) and other material goods such as clothing.
If you wish to make such a donation to Cheyney University, please complete the CU In-Kind Donation Form and send it to the address provided in order for your in-kind donation to be received and acknowledged for tex deduction purposes.
It is important to know that the donor is responsible for the determination/assessment of the value of the in-kind donation.
If you itemize your tax dections and the value of all of the in-kind donations you make in a given year is under $500, you must complete IRS Schedule A.
If you itemize your tax dections and the value of all of the in-kind donations you make in a given year is over $500, you must complete IRS Form 8283.
If you make an in-kind donation exceeding $5,000, a formal appraisal is required.
Form 8283 Instructions provide detail and guidance.
Please be sure to consult an accountant for all tax-related matters as this information is not formal advice but merely a general reference of guidelines.
THANK YOU FOR YOUR SUPPORT OF CHEYNEY UNIVERSITY OF PENNSYLVANIA!